Browsing: Climate

Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in Washington, DC, US, on Thursday, Oct.…

Key insight: Bank regulators are rescinding principles that toughened large banks’ oversight of financial climate risk. Forward look: Expect the Trump administration to continue to pull back…

Big banks have ramped up their financing of the fossil-fuel industry, according to research by a coalition of environmental advocacy groups. But some of the banks…

Sarah Kapnick started her career in 2004 as an investment banking analyst for Goldman Sachs. She was struck almost immediately by the overlap of financial growth…

U.S. efforts to rein in the Basel Committee’s focus on climate risks were met with a rare show of resistance this week, according to people familiar…

Christopher Dilts/Bloomberg Citigroup will remain stuck in the middle of a legal battle between climate groups and the Trump administration for at least a few more…

The number of shareholder proposals making it onto banks’ proxy statements is down sharply this year, reflecting a change in regulatory guidance and greater caution around…

UPDATE: This article includes information from a joint status report released Wednesday afternoon, and additional comments from Evergreen Action and Judge Tanya Chutkan.A federal judge barred Citi…

Veronica Jones bought her house in Altadena, California, in 1965. In the six decades since then, her block has seen many changes. But only the devastating…

The recent Los Angeles wildfires are only the latest reminder that banks need to steel themselves against climate change both in their portfolios and in their…